Excellent Wires IPO description – Excellent Wires is a manufacturer of high-quality wire products and packaging solutions. Its product portfolio includes an array of wires, such as Mild Steel Wires (including Annealed, H.B., and H.H.B. variants), Spring Steel Wires, Galvanized Wires (GI Wires), Round Stitching Wires, Spiral Binding Wires, Stainless Steel Wire, Brass Wires, Copper Wires, and Wire Ropes crafted from premium-grade high carbon or stainless steel wire, optionally coated with PVC for enhanced durability and versatility. The company also supplies packaging products such as PP Strapping Rolls and BOPP Self-Adhesive Tapes. Both these categories of products are sold under the ‘Excellent’ brand name.
The company leased a property in Panvel starting from 1st May 2022 including machinery with an installed capacity of 360 MTPA. However, it vacated the property in 2024 and rented a new property next to its original unit in Palghar, Maharashtra. Following the move, the company’s installed capacity at Palghar Unit is 880 MTPA.
As of 31 July 2024, Excellent Wires employed 18 full-time employees.
Promoters of Excellent Wires – Bhavya Vasant Shah, Rachit Paresh Masalia, and Darshil Hasmukh Shah
Table of Contents
Excellent Wires IPO Details
| Excellent Wires IPO Dates | 11 – 13 September 2024 |
| Excellent Wires Issue Price | INR 90 per share |
| Fresh issue | 14,00,000 shares (INR 12.60 crore) |
| Offer For Sale | NIL |
| Total IPO size | 14,00,000 shares (INR 12.60 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,44,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Excellent Wires Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 7.29 | 14.48 | 15.41 |
| Expenses | 7.22 | 14.34 | 14.28 |
| Net income | 4.73 | 10.43 | 82.98 |
Excellent Wires Offer News
- Excellent Wires RHP
- Excellent Wires Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Excellent Wires Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.27 | 0.42 | 3.32 |
| PE ratio | – | – | 27.11 |
| RONW (%) | 70.81 | 60.96 | 20.90 |
| NAV | 0.27 | 0.69 | 15.90 |
| EBITDA (%) | 2.27 | 2.89 | 9.48 |
Excellent Wires IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| – | – | – | – |
Excellent Wires IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 6,64,000 | 6,64,000 | 13,28,000 |
| 13 Sep 2024 | 8.86 | 32.00 | 20.43 |
| 12 Sep 2024 | 0.88 | 5.94 | 3.41 |
| 11 Sep 2024 | 0.27 | 2.00 | 1.14 |
The market maker reservation portion of 72,000 shares is not included in the above calculations.
Excellent Wires IPO Allotment Status
Excellent Wires IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Excellent Wires IPO Dates & Listing Performance
| IPO Opening Date | 11 September 2024 |
| IPO Closing Date | 13 September 2024 |
| Finalization of Basis of Allotment | 17 September 2024 |
| Initiation of refunds | 18 September 2024 |
| Transfer of shares to demat accounts | 18 September 2024 |
| IPO Listing Date | 19 September 2024 |
| Opening Price on NSE SME | INR 85 per share (down 5.56%) |
| Closing Price on NSE SME | INR 82.05 per share (down 8.83%) |
Excellent Wires Offer Lead Manager
INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End),
Western Express Highway, Andheri (East) Mumbai – 400 069
Phone:+91 22 4075 1500
Email:Â [email protected]
Website:Â www.inventuremerchantbanker.com
Excellent Wires Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai – 400 093, Maharashtra
Phone: 022 – 6263 8200
E-mail:Â [email protected]
Website:Â www.bigshareonline.com
Excellent Wires Issue Contact Details
EXCELLENT WIRES AND PACKAGING LIMITED
Unit No. 12,13,113 Bldg 2 S. No. 54,
Jay Chamundeshwari Industrial Complex, Naikpada,
Vasai, Palghar, Maharashtra, 401208
Phone: +91 98202 85767
E-mail: [email protected]
Website: www.excellentwiresandpackaging.com
IPO FAQs
What is Excellent Wires offer size?
Excellent Wires offer size is INR 12.6 crores.
What is Excellent Wires offer price band?
Excellent Wires public offer price is INR 90 per share.
What is the lot size of Excellent Wires IPO?
Excellent Wires offer lot size is 1,600 shares.
What is Excellent Wires IPO GMP today?
Excellent Wires IPO GMP today is INR NA per share.
What is Excellent Wires kostak rate today?
Excellent Wires kostak rate today is INR NA per application.
What is Excellent Wires IPO Subject to Sauda rate today?
Excellent Wires’ Subject to Sauda rate today is INR NA per application.
